Webwire: Oracle pays for bribery claim; LG grows LTE shipments
Oracle will pay $2 million (€1.6 million) to settle an investigation by the US SEC over allegations the company violated US anti-bribery laws with unauthorized payments to Indian vendors totaling around $2.2 million.
LG Electronics revealed it has now sold five million LTE smartphones worldwide, including one million in July alone.
The judge hearing the US patent battle between Apple and Samsung has again called on the vendors to negotiate a truce, before jury deliberations commence next week.
Cisco beat analysts' expectations with a 56% increase in fiscal fourth quarter profit to $1.9 billion (€1.5 billion), from 4% higher revenue of $11.7 billion.
An expert panel advising India's Department of Telecom has recommended that mobile operators be required to source 80% of “security sensitive” equipment – including SIM cards, routers and leased-line equipment – from domestic vendors by 2020.